T-Mobile US Inc (TMUS) COO G Michael Sievert Sells 11,162 Shares

T-Mobile US Inc (NASDAQ:TMUS) COO G Michael Sievert sold 11,162 shares of T-Mobile US stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $62.67, for a total value of $699,522.54. Following the transaction, the chief operating officer now owns 475,341 shares in the company, valued at $29,789,620.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of T-Mobile US Inc (NASDAQ TMUS) opened at $65.25 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $55,590.00, a PE ratio of 12.55, a P/E/G ratio of 0.85 and a beta of 0.38. T-Mobile US Inc has a 12-month low of $54.60 and a 12-month high of $68.88.

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T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. T-Mobile US’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. research analysts expect that T-Mobile US Inc will post 3.4 EPS for the current year.

T-Mobile US announced that its board has initiated a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Several research analysts have weighed in on the company. BidaskClub upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. ValuEngine lowered T-Mobile US from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Raymond James Financial upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday, February 9th. UBS Group upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday, February 9th. Finally, KeyCorp reiterated a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the company. T-Mobile US has a consensus rating of “Buy” and a consensus target price of $70.24.

Several large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its position in shares of T-Mobile US by 1.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 68,575 shares of the Wireless communications provider’s stock valued at $4,228,000 after acquiring an additional 975 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of T-Mobile US by 2.3% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 47,938 shares of the Wireless communications provider’s stock valued at $2,956,000 after acquiring an additional 1,100 shares during the last quarter. BTC Capital Management Inc. increased its position in shares of T-Mobile US by 26.3% in the fourth quarter. BTC Capital Management Inc. now owns 5,419 shares of the Wireless communications provider’s stock valued at $345,000 after acquiring an additional 1,128 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of T-Mobile US by 1.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 95,245 shares of the Wireless communications provider’s stock valued at $6,049,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Oribel Capital Management LP increased its position in shares of T-Mobile US by 3.9% in the third quarter. Oribel Capital Management LP now owns 32,300 shares of the Wireless communications provider’s stock valued at $1,991,000 after acquiring an additional 1,200 shares during the last quarter. 34.82% of the stock is currently owned by institutional investors and hedge funds.

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About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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